Call us on 01792 466 428
Book a FREE Consulation

Archive:June 2018

Please find below all the articles from June 2018.

Banking Advice from the Barclays Premier Relationship Manager: Ashley Lawson

Mr Ashley Lawson who is the Barclays Premier Relationship Manager in this area is visiting our offices on the 28th June 2018. Ashley will be here all day and if you would like to book an appointment to see him to discuss any banking requirements you may have then please contact our offices on 01792 466428.

Barclays Premier Banking gives you access to exclusive products, preferential rates and a wide range of benefits and rewards. Combined with a dedicated personal banking service. Premier Banking brings you the best of…

Read More

Using tax to keep employees healthy

The adverse effects of being inactive can of course have a major impact on health and wellbeing. According to a recent government report, workers can spend up to three-quarters of their day sitting down, which contributes to a range of preventable health conditions, including the two leading causes of workplace absence: back injuries and stress, depression or anxiety. In 2016/17, 1.3 million workers suffered from work-related ill-health, which equated to 25.7 million working days lost. This has been estimated to cost £522 per employee, and up to £32…

Read More

Investors’ relief

At the time of the 2016 Spring Budget, the government announced that the existing capital gains tax (CGT) entrepreneurs’ relief would be extended to certain long-term investors in unlisted trading companies who had subscribed for their shares. However, when the Finance Bill 2016 was published a few days later, it became apparent that in fact a new relief – investors’ relief – was being created. This new relief is designed to complement entrepreneurs’ relief by extending the 10% rate of CGT to gains accruing on disposals of qualifying…

Read More

IT contractor wins IR35 case

The confusion over HMRC’s application of the IR35 legislation continues after an IT contractor successfully appealed to the First Tier Tribunal (FTT) against a tax charge of some £26,000 in connection with a project he was working on with the Department for Work and Pensions (DWP).

In Jensal Software Ltd v HMRC Commrs [2017] TC 00667, the IT contractor, Ian Wells, successfully appealed a tax bill relating to a succession of contracts during the 2012/13 tax year. Wells provided his services through his limited company, Jensal Software Ltd, to…

Read More

Corporate offences guidance updated

HMRC’s guidance on corporate offences for failing to prevent criminal facilitation of tax evasion has recently been updated to include information about self-reporting a company or partnership that has facilitated such an offence.

All corporate entities need to be aware of the two new offences that were introduced by the Criminal Finances Act 2017, which apply from 30 September 2017 onwards. The first applies to the facilitation of UK tax evasion, and the second applies to the facilitation of foreign tax evasion.

Criminal facilitation of tax evasion involves a person…

Read More